Cboe’s institutional spot FX platform on Tuesday reported its trading volumes for the month ending January 2020, which saw a positive performance as a rise in volatility encouraged more buying and selling of currencies relative to the month prior.
During January 2020, Cboe FX disclosed a total trading volume of $739 billion, up 17.7 percent on a month-over-month basis from $628 billion in December 2019. In a different pattern, the figure was lower by -7.5 percent year-over-year when weighed against $799 billion in January 2019.
In addition, the exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $33.6 billion in January 2020, up 12.3 percent month-over-month from $29.9 billion in December 2019.
On a year-over-year basis, the ADV numbers released by Cboe FX, formerly Hotspot, illustrated weaker performance, falling by -8 percent when weighed against $36.3 billion a year earlier.
FXSpotStream also reports mixed volumes
Liquidity management has been over the past year, coupled with adding extensive analytics capabilities. The company has recently launched an electronic foreign exchange trading venue that permits certain institutions to enter into spot transactions with their preferred counterparties to meet their specific trading needs.
Dubbed ‘Cboe FX Point,’ the new direct execution model provides institutional investors with a flexible range of options, including the ability to create custom, relationship-based connections.
Elsewhere, activity on FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, has also increased for a month earlier, though it disappointed when compared to its 2019 equivalents.
FXSpotStream reported an average daily volume (ADV) of $37.03 billion in January, up by 19 percent over a monthly basis from $31.09 billion in December 2019. This figure, however, reflects a year-on-year drop of 3.50 percent compared with its counterpart from January 2019.
FXSpotStream’s ADV for all of 2019 was up 21 percent when compared to the same period during 2018.